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June 26th, 2007
Applied Materials acquires HCT shaping systems
Applied Materials Inc., a Santa Clara, Calif.-based nanotechnology developer, has agreed to acquire HCT Shaping Systems SA (HCT), a precision wafering supplier based in Cheseaux, Switzerland. Under terms of the agreement, Applied will pay approximately $475 million in cash for all of the outstanding shares of HCT.
According to Applied Materials, the acquisition is part of Applied's strategy to accelerate customers' ability to reduce the costs of photovoltaic (PV) cell manufacturing to make solar energy more competitive with grid electricity.
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